• No results found

Efficient upgrading in network goods : is commitment always good?

N/A
N/A
Protected

Academic year: 2020

Share "Efficient upgrading in network goods : is commitment always good?"

Copied!
25
0
0

Loading.... (view fulltext now)

Full text

Loading

Figure

Figure 1: The socially optimal outcome: The red area indicates values in the parameterspace where no upgrade is optimal
Figure 2 represents diagrammatically the potential ine¢ciency that may arise in the market.
Figure 3: Market outcome and e¢ciency: The red and yellow shaped areas in the parameterspace represent ine¢cient upgrading

References

Related documents

1998 MA Politics & International Studies University of Warwick 2000 PhD Politics & International Relations Keele University 2009 PhD International Relations

innovation in payment systems, in particular the infrastructure used to operate payment systems, in the interests of service-users 3.. to ensure that payment systems

2X Magnitude The measured magnitude of the vibration at 2 times the machine speed. 2X Phase The measured phase of the vibration at 2 times the

12 Data Science Master Entrepreneur- ship Data Science Master Engineering entrepreneurship society engineering. Eindhoven University of Technology

Local information Global information  Hazard monitoring & detection Appropriate action Timely, accurate, unambiguous & credible W WA AR RN NIIN NG G WARNING WARNING

São necessários ainda mais estudos para a compreensão dos fatores moleculares e bioquímicos subjacentes às características comportamentais vistas no jogo patológico

Such small fmns are more likely to arise in the capital goods sector, rather than in consumption goods; and these fmns are likely to be an outgrowth of the